The Royal Government of Cambodia will soon launch a strategy to develop the garment, bag and footwear sector as a roadmap for promoting the development of the industry towards growth and competitiveness.

The remark was made by H.E. Phan Phalla, Secretary of State at the Ministry of Economy and Finance at a recent public forum on macroeconomic management and the 2022 Budget Law.

H.E. Phan Phalla said that the Royal Government wants to see the sector have higher value-added and better production of goods and higher revenue.

"This strategy has been prepared and submitted to leaders for review and approval. We expect it to be launched soon,” he added.

In 2021, the export of garments was valued at more than US$11,389 million, a 15.2 percent increase compared to 2020, according to the General Department of Customs and Excise.

Source: Agency Kampuchea Press